News
Tesla Batteries Store Sun’s Power At World’s Biggest Solar Farm In Dubai
The Solar Park currently generates around 1 MW of electricity, but DEWA aims to expand it to 5 GW by the end of this decade.
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While there’s no shortage of hot sunny days in the MENA region and the United Arab Emirates in particular, it’s not enough to harness the sun’s energy using solar panels. The generated energy has to be stored somewhere so that it can be utilized when needed, instead of only when the sun is shining. That’s why the Dubai Electricity and Water Authority (DEWA) and Tesla have joined forces to install a Tesla battery energy storage system (BESS) at the Mohammed bin Rashid Al Maktoum Solar Park, one of the world’s largest renewable projects in the world.
“The energy storage project using Tesla’s lithium-ion battery solution at the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world, aims to diversify the energy mix and enhance energy storage technologies,” said DEWA managing director and CEO Saeed Mohammed Al Tayer.
Another goal of the pilot project is to evaluate the technical and economic capabilities of the technology and to test its role in the integration between clean energy and energy storage to achieve maximum efficiency and reliability.
Currently, the Mohammed bin Rashid Al Maktoum Solar Park can generate around 1 MW of electricity, but DEWA aims to expand it to 5 GW by the end of this decade. To put the number into perspective, a typical nuclear reactor produces approximately 1 GW of electricity.
Also Read: Scientists Discover Bacteria That Makes Toxic Water Safe To Drink
DEWA is also working on other renewable projects, testing a sodium sulphur (NaS) energy solution and developing a 250 MW pumped-storage hydroelectric power station.
Together, these renewable projects aim to realize the Dubai Clean Energy Strategy 2050, whose goal is to produce more than 75 percent of Dubai’s energy requirements from clean, renewable sources to significantly reduce the city’s carbon footprint in the world.
News
Yabi Introduces AI Financial Coach For Smarter Money Moves
The app provides real-time, personalized financial guidance, helping UAE residents manage money smarter, reduce debt, and build wealth effortlessly.
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Imagine having 24/7 access to an expert financial advisor — someone who understands your spending habits, helps you save more effectively, and offers guidance for every financial decision. That’s the vision behind Yabi’s revamped platform, an AI-driven finance app designed to transform personal finance management in the UAE.
Unlike traditional budgeting tools, Yabi acts as an always-available AI advisor, analyzing your unique spending patterns and offering real-time, tailored financial advice. Whether you’re making everyday purchases, planning a big trip, or saving for a major milestone, Yabi keeps you on track and helps you make informed financial choices.
Rakhil Fernando, CEO of Yabi, explains the mission behind the platform: “Financial literacy is not optional — it’s essential. But most financial tools today feel outdated and overly complex. Yabi is here to change that by offering AI-powered financial coaching that’s smart, simple, and accessible to everyone in the UAE”.
Here are some of the updated app’s new features:
- AI-Powered Financial Coach: A 24/7 digital advisor providing real-time financial guidance based on your spending habits and available in multiple languages.
- Live Insights: Connect your bank accounts for a detailed breakdown of your expenses.
- Tailored Budgeting: Yabi creates a budget that fits with your actual spending habits rather than generic financial advice.
- Interactive Financial Education: Learn the essentials of saving, investing, and credit management through engaging content integrated into the AI experience.
- Automated Expense Tracking: Receive instant alerts on overspending, identify hidden charges, and cut unnecessary subscriptions with ease.
- Credit Score & Financial Health Monitoring: Get free credit score checks and AI-driven recommendations to enhance your financial standing.
Also Read: A Guide To Digital Payment Methods In The Middle East
Finally, Yabi is also gearing up to introduce its own debit card and a suite of financial products, making it easier to save, spend, and invest within a single platform.
Want to try Yabi for yourself? You can download the app on the Apple App Store and Google Play Store.
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